Search results

  1. M

    List of EMI and Digital Banks

    Guys, do you know which of EMIs do allow deposits to account with debit cards (ideally VCC)? I know transferwise does, do not want to open every one of them (do KYC) and try. Thank you.
  2. M

    €700K - Where incorporate and live as digital nomade

    Hello, Q1. I doubt, because the court will see in divorce settlement all your assets, so even the value of shares you own. It is like asking for aliments bc of lower income, but at the same time have 10% of shares in the Cocacola company. However, if his income would be like 1 mil eur / year and...
  3. M

    €700K - Where incorporate and live as digital nomade

    Q1: If so, he will be able to get aliments based only on your salary, not on the assets of LTD. In the case of divorce, a general rule is that only a wealth accumulated and created in marriage is subject to divorce settlement. However, many variables plays a role. Who applied for divorce, kids...
  4. M

    €700K - Where incorporate and live as digital nomade

    Hello, In my opinion, Netherlands is one of the better options in the West to be incorporated. There are two CPT brackets, so you will pay 25% only on the profit above 200k, rest will be taxed with 20%. On the top, the local government approved tax cuts, so you should be taxed actually this way...
  5. M

    €700K - Where incorporate and live as digital nomade

    I know guys who still run funds through BVI and pay themselves small salaries through CZ companies. They have never paid any CPT in CZ. Most closed bc CZ now also offer holding regime if the classic conditions are met, but for online business is offshore still essential. Depends on scale. On...
  6. M

    €700K - Where incorporate and live as digital nomade

    2) A Cyprus non-resident company can not have a VAT number, but sure the EU company looks better... 3) Yeah, I forgot that your clients may have problem with paying invoices to Seychelles/Belize In the case you would go through a cyprus non-resident company, you would just invoice your...
  7. M

    €700K - Where incorporate and live as digital nomade

    I know ppl in Slovakia with the UAE setup and no problem so far. Tax authorities focus more on VAT. However, I suggested the UAE only bc 0% CPT and 0% WHT, people in Slovakia do also a Cyprus non-resident company without any problem. But the setup with effective place of management in Malta is...
  8. M

    €700K - Where incorporate and live as digital nomade

    This rule is not for the UAE setup I mentioned, read the DTT between Slovakia and UAE. However, I never heard of anyone who was called to pay taxes from offshore companies. Many ppl looking for security do a Cyprus non-resident company with an office in Malta. That completely avoid the rule you...
  9. M

    €700K - Where incorporate and live as digital nomade

    1. Set-up a FZE company in the UAE to invoice your clients. No acccouting, 0% CPT 2. Set-up a LLC company in Slovakia just to pay yourself a minimal wage. Gross is 520 eur and you will get 420 eur. For the 100 eur the state will take, you get relatively decent healthcare (or at least value for...
  10. M

    €700K - Where incorporate and live as digital nomade

    Did he have any particular reason why he suggested to incorporate in the country of your residency? 26% is one thing, but also consider possible dividend withholding tax or dividend tax on personal level in your country. Eventually you will need it.
  11. M

    Listing of tax havens adopted by EU

    A friend of mine opened a bank account for two Delaware companies about a month ago in Czech Fio Bank and in Czech CSOB, but said the Fio is better, bc you get initially EUR/CZK/USD/GBP accounts.
  12. M

    Cyprus company + Skrill

    30k-50k EUR.
  13. M

    Cyprus company + Skrill

    Thank for all help so far. I do not want to start a separated thread, what about this. Charging my customers with Debit/Credit cards through a Bahrain company owned by a UK company. There is no corporate income tax in Bahrain, and VAT is 5% (from October 2018). The place of supply is where a...
  14. M

    Cyprus company + Skrill

    My transactions will be b2c and not b2b.
  15. M

    Cyprus company + Skrill

    Question n. 11 Electronic service delivery by a foreign entity from other EU country to Slovak nationals. A foreign entity with a German residency provides electronically supplied services to Slovak residents (private individuals). This foreign supplier is identified for the application of the...
  16. M

    Cyprus company + Skrill

    Well, I do understand that it is a standard EU country, so accounting and fillings is normal, but from what I understand, as a non-resident company I can not register for VAT. That is why I am asking, if I should register in my domestic country (where my customers are located) for this purpose...
  17. M

    Cyprus company + Skrill

    Thank you. Slovakia. A parliament discussed this last year, but did not pass. Nor right-wing or left-wing parties seemed interested in passing this law for private individuals, so we do have CFC rules only for business entities that owns 50% (or more) of shares in an off-shore company. The only...
  18. M

    Cyprus company + Skrill

    It is not registered at all, I am just planning to do so. I am EU citizen, and most of my customers are from the same country like I am. I will open a Cyprus non-resident company and I do not have to charge VAT on EU customers (bc I can not) + do not have to pay any corporate income taxes (bc I...
  19. M

    Cyprus company + Skrill

    Hello, I have questions regarding this possible set-up. I want to start a Cyprus company. I am providing my customers with trading consultations / mentorship. They pay me through Skrill/Neteller. Most of my customers are EU based from a single country with 20% VAT. Cyprus VAT is 19%. What...

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